[Three Cents Worth NY #226] Manhattan Rental Market Trapped in Sales Brochure

Posted by Jonathan Miller - Tuesday, March 19, 2013, 11:35 AM

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out this week’s 3CW column on @CurbedNY:

With the sales market heating up following the remarkable rental market run-up last year, I thought I’d look at the market share of rental versus sales activity. I compared them by using closed sales and closed rental transactions for all of 2012. Keep in mind that I only used new rentals (not renewals), since renewal data is not generally available (and not part of any rental market studies currently published)…

[click to expand chart]

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